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The Real Deal NYC

Winter is coming: Rockwell Group to build pop-up “village” at Pier 17

The revamped South Street Seaport district will soon be a year-round hub–at least for winter 2018-19. Rockwell Group got approval from the Landmarks Preservation Commission earlier this week to build a pop-up “winter village” on top of Howard Hughes Corporation’s Pier 17 development, according to Architect’s Newspaper. The project includes an ice rink, a warming hut, restaurants and cafes. HHC has been signing leases with major chefs and ESPN over the past several months and […]

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Should’ve known better: Richard Marx relists lakefront mansion for half original price

Singer-songwriter Richard Marx and his ex-wife, actress Cynthia Rhodes, slashed the asking price on their North Shore mansion for the fifth time. They are now asking $9 million for the 29,000-square-foot Lake Bluff estate, half of what they first sought in 2014, according to Crain’s. Marx and Rhodes married in 1989 and bought the lakefront property in 1997 for a little more than $3.1 million. They added an 8,000-square-foot building that includes a music studio, […]

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What to do with Europe’s dying towns?

Thousands of towns across Europe (and even Japan) are on the verge of becoming ghost towns, but a handful of hoteliers are trying to reverse the trend. By transforming vacant buildings into resorts based on the local way of life, the beleaguered communities are trying to attract tourism dollars that could at least some people to stay in their towns instead of heading to cities, Bloomberg reports. The exodus of residents from small towns to […]

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WeWork is taking a majority of this Chelsea office property

Just days after announcing its status as Manhattan’s largest office tenant, WeWork notched another new lease, signing on for 60,000 square feet at 511 West 25th Street in Chelsea. The co-working firm will occupy floors to two to nine of L&L Holding Company and PGIM Real Estate’s nine-story office building. The new Chelsea lease builds on WeWork’s extensive deal sheet in the neighborhood for the year. In February, the firm signed a 167,000-square-foot lease at […]

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Here’s how Howard Lutnick is growing Cantor’s real estate biz

Howard Lutnick isn’t done yet. The head of Cantor Fitzgerald LP has managed to stage an improbable comeback on Wall Street, according to Bloomberg News. Lutnick lost two of every three people who worked for him on 9/11, including his brother (though he was later criticized for cutting checks off of deceased employees). But since then, he has become a billionaire and is now spending hundreds of millions of dollars to move into new businesses. Lutnick […]

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De Blasio admin put together dossier on official who exposed lead paint scandal

Mayor Bill de Blasio’s administration put together a file of allegations against Department of Investigation Commissioner Mark Peters that would have justified removing him from his position. The document, which the office of Corporation Counsel Zachary Carter compiled, outlines three incidents where Peters threatened to arrest city employees if they did not follow his orders or used abusive language, according to the New York Daily News. The behavior is centered on Peters’ interactions with different […]

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007 director buys Soho penthouse

Cary Fukunaga, who was recently selected to direct the newest James Bond movie, has purchased a full-floor penthouse in Soho at 570 Broome. The home has three bedrooms, three bathrooms and two terraces overlooking the Hudson River, according to the New York Post. Prices range from $1.35 to more than $4 million, although the price that Fukunaga paid for his unit was unclear. Fukunaga’s Bond film will come out in 2020. His other credits include […]

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Sellers are slashing prices on a record number of NYC homes

Home sellers in New York City cut prices on almost 800 listings in one week in September, which is the highest amount of price cuts in at least 12 years. There were 774 homes in Manhattan, Brooklyn and Queens that saw price cuts in the week ending Sept. 9, Bloomberg News reported, citing data from StreetEasy. This was the highest number for any weeklong period dating back to 2006 and shatters the prior record from […]

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Buzz cut: Embattled developer relists this LA mansion with $65M price chop

Embattled developer Robert Shapiro has relisted the famed Owlwood Estate in Holmby Hills, after having taken a chainsaw to the initial sky-high price tag. The 10-acre estate is now being floated for $115 million, down from the initial $180 million Shapiro wanted for it 14 months ago, according to the Los Angeles Times. A sale of around $115 million would still mean that Shapiro would get more than he paid for it. His firm, the […]

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Software company sues Elliman over “Douglas” online platform

Four months after Douglas Elliman launched its new online agent platform, a Chicago-based software company is suing the brokerage for allegedly ripping off its technology. In a lawsuit filed in New York Supreme Court Wednesday, the company, Go One, claims that it is owed more than $208,850. According to the complaint, Go One had a handshake deal with Douglas Elliman to build an intranet system that would allow agents to share listings, store documents and […]

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